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Category: Business

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Adidas and Nike go head to head at the World Cup. Who will win?

Adidas is sponsoring more teams than any other brand at the World Cup but Nike dominates when it comes to the boots the players will wearAdidas will celebrate 20 years as an official partner of Fifa on Thursday when the 2018 World Cup begins in Russia….

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Amazon launches its assault on sport coverage with tennis at Queen’s

• Fever-Tree Championships screened on Amazon Prime Video • US Open, ATP Tour and Premier League will also be shownSky’s decision to walk away from tennis next summer, after several years covering everything from the salad days of Tim Henman to the ris…

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Iran coach Queiroz demands apology as Nike refuse to supply World Cup boots

• ‘This arrogant conduct against 23 boys is absolutely ridiculous’• President Trump reimposed sanctions against Iran in MayThe Iran head coach, Carlos Queiroz, has demanded an apology from Nike after the US sportswear firm said it could not supply the …

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Aston Villa reach agreement with HMRC over £4m tax bill

• Villa pay £500,000 with £1.2m expected by the end of week• Xia admits it has been ‘a very difficult’ two weeksAston Villa have reached an agreement with Her Majesty’s Revenue and Customs over a £4m tax bill.The agreement will allow the club, who miss…

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Premier League big six win battle for larger share of overseas TV rights

• Some money paid according to league position from 2019-20• Compromise voted in at Premier League meeting on ThursdayThe so-called “big six” Premier League clubs have won their persistent battle to be paid a greater share of the league’s burgeoning in…

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Amazon breaks Premier League hold of Sky and BT with streaming deal

US online retailer will exclusively livestream 20 matches per season from 2019Amazon has broken Sky and BT’s stranglehold on Premier League football by striking a groundbreaking deal to livestream exclusive coverage of 20 matches per season online.The …

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Championship clubs feel the strain as financial gap to Premier League grows

• Accounts reveal 19 of 24 clubs made losses in 2016-17 season• TV revenue still tiny compared with latest Premier League dealThe Championship continues to be a financially punishing league, with 19 of the 24 clubs having made losses in 2016-17, accord…

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Premier League clubs soar into profit with record £4.5bn revenues

• 2016-17 accounts show 17 top-flight clubs making money• First year of new TV deal and new regulations fuel boomThe first year of the Premier League’s record £8.4bn television deals, combined with financial regulations aimed at preventing the bulk of …

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Crystal Palace threatened with being dissolved over late accounts

• Premier League club’s accounts more than two months late• Registrar threatens parent company with dissolutionCrystal Palace have been threatened with being dissolved and struck off the companies register, for being more than two months late filing th…

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Sky faces battle to keep golf rights as PGA Tour strikes $2bn Discovery deal

• Discovery will auction coverage on individual basis from 2019• British broadcaster remains under contract until 2022Sky Sports faces a battle to retain its status as the UK’s main broadcaster of the PGA Tour after a $2bn deal was announced between th…

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Chinese firms pile in to sponsor World Cup 2018 amid Fifa fallout

Brands seize chance to push products after western firms pull out over bribery scandalFootball fans heading to the World Cup this summer are going to get an education in Chinese TVs, mobile phones, electric scooters and Mongolian dairy products. As wes…

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Touts using football resale sites rip off fans and put them at risk

Guardian investigation finds vast numbers of tickets being sold on again despite it being illegalFootball tickets are being touted on resale websites in vast numbers, a Guardian investigation has found, prompting warnings that fans are being ripped off…

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Maximum stake for fixed-odds betting terminals cut to £2

Ministers ignore pleas from bookmakers and decide to reduce stake from £100The maximum permitted stake on controversial fixed-odds betting terminals (FOBTs) will be cut from £100 to £2, the government has announced after ministers ignored pleas from bo…

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The Guardian view on 100-ball cricket: the sacred and the profane | Editorial

It is depressing to think that the ECB believes that a great game can only be saved by reinvention in a ‘popular’ formThe announcement of a 100-ball form of cricket is yet more mildly depressing evidence that the glorious game is splitting into two for…

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How Sheikh Mansour’s decade-long spree made Manchester City aristocrats | David Conn

As the club prepare to lift the Premier League trophy with the most expensive squad in football, the vision is coming to fruitionWhen Liverpool went to the Etihad Stadium for their smash-and-grab victory over Manchester City in the Champions League qua…

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Government to back FA Wembley sale if England matches guaranteed

• £600m from sale could be used to build new pitches• Richard Caborn tells FA they ‘don’t need to sell the family silver’The government and Sport England have supported in principle the Football Association’s proposal to sell Wembley Stadium if it rele…

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Britain’s bookmakers jockey for position in US betting watershed | Rob Davies

William Hill is a nose in front, with Paddy Power Betfair on the rail as market looks set to open upOver the past 26 years, if you had placed a bet on a baseball game in the US, the chances are you were doing so illegally. On the other end of the wager…

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Is the FA getting a fair price for the sale of Wembley to Shahid Khan?| David Conn

The rebuilt stadium cost £757m in 2007, far less than the £600m on offer, but the proposed deal makes sense – especially for grassroots footballOf all the questions prompted by the Football Association’s announcement that it is considering selling Wemb…

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‘If you sell Wembley, then you sell Big Ben? And Buckingham Palace?’ – video

Premier League managers have had their say after it emerged that the home of English football, Wembley Stadium, could be sold by the Football Association in the next 12 weeks. Swansea’s manager Carlos Carvalhal argued ‘it’s culture, and we can’t sell t…

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FA in talks to sell Wembley to Fulham owner Shahid Khan

Khan also owns NFL team Jacksonville JaguarsFA would keep Club Wembley money under dealThe Football Association has announced it has received an offer to buy Wembley stadium. The bid has come from Shahid Khan, the owner of Fulham and the NFL’s Jacksonv…